Nokia shareholders agreed to sell mobile phone division

Source: Bloomberg
Nokia Corp. shareholders agreed to sell the mobile phone making division to Microsoft Corp. for 5.44 billion euro, as the Finnish company had significant problems to get any profit from that unit during last three years. More than 99% of Nokia shareholders approved the deal. After the sale, Nokia Corp. will focus on its Solutions and Networks division, as it now owns 100% of this unit.
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Wed, 20 Nov 2013 12:13:06 GMT

Swiss economic expectations surge amid EU recovery

Economic expectations in Switzerland jumped to its highest level since May 2010, as the economic recovery in the Eurozone is gaining strength. The ZEW indicator reached 31.6 points this month against 24.9 points a month earlier. 41.1% of analysts expect the Swiss economy to improve, while 65% of respondents see the Eurozone economy to grow in the nearest future.

Wed, 20 Nov 2013 11:51:06 GMT

BoE sees no serious inflation risks in U.K.

According to the Bank of England minutes for the meeting of November 6-7, the MPC members unanimously decided to keep the main interest rate on the record-low level of 0.5%. Moreover, the amount of bonds' purchases was kept at 375 billion pounds. The BoE officials say that there are no significant inflation risks in the U.K. at the moment, while

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